A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Marine
Propulsion Engine
Market. The
study, titled “Marine
Propulsion Engine Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Marine Propulsion Engine Market: Overview
Marine
propulsion refers to the mechanism that produces a thrust for
propelling marine objects such as boats or ships across the water.
While many small boats propel through paddles and sails, modern ships
comprise electric motors or engines that drive propulsion. Most
modern ships are equipped with reciprocating engines for power due to
their robustness, simplicity in operation, and fuel efficiency.
Despite
their distinguished offerings, the emissions from reciprocating
engines remains a major concern. This has necessitated the
development of propulsion engines that operate on alternate fuels and
comply with standard emission norms.
Browse
Market Research Report @
The
market study analyzes the global marine propulsion engine market in a
ground-up manner, which includes past performance, current trends,
and projections for a satisfactory overview of growth pattern over
the forecast period. The report is prepared after an extensive
research phase, which involved tapping into proprietary databases and
conducting interviews with industry experts about their viewpoint
about the market’s progression.
The
publication presents the vendor landscape of the market, wherein top
companies are mentioned and are profiled for their distinguishing
business attributes. Using validated analytical tools such as
Porter’s Five Forces and SWOT analysis, the report presents a
market attractiveness analysis between 2016 and 2024.
Global
Marine Propulsion Engine Market: Trends and Opportunities
The
increasing volume of international trade through marine
transportation due to its cost-effectiveness is driving the demand
for commercial ships, which in turn is propelling the marine
propulsion engine market. In addition, the increasing focus of the
defense sector in many nations to strengthen their maritime security
and sea based defense is driving the growth of the naval shipbuilding
industry. This, in turn is resulting in exponential growth of marine
propulsion engine market.
The
global marine propulsion engine market is studied by propulsion
system, fuel type, application, power range, and geography. In terms
of propulsion system, diesel engines, two stroke engines, and others
are the segments of the market. On the basis of application, the
market is divided into commercial vessels, inland waterways vessels,
offshore support vessels, and submarines.
The
power requirement of ships is dependent on operational usage by which
passenger ships require less power than what is needed by trade or
naval ships.
Global
Marine Propulsion Engine Market: Regional Outlook
Asia
Pacific is expected to display the fastest growth in the marine
propulsion engines market over the forecast period. This is
attributed to increasing trade rate and increasing export from the
region, particularly China, which has become a major center for
manufacturing. The increasing export from the region is driving the
demand for trade ships, which in turn is driving the demand for
efficient marine propulsion engines.
Several
developed and developing countries are engaged in strengthening their
sea defense by magnifying their firepower capacity. The increasing
production of warships is boosting the demand for marine propulsion
engines over the forecast period.
The
economic recovery in the U.S. and countries in Europe post the
economic slump of 2007 is generating a positive scenario for the
overall trade dynamics. The rising demand for boats, ships, yacht for
trade, entertainment, fishing, warfare, and public safety is expected
to fuel the global marine propulsion engine market in the coming
years.
Get
accurate market forecast and analysis on the Marine Propulsion Engine
market. Request a sample to stay abreast on the key trends impacting
this market@
Global
Marine Propulsion Engine Market: Competitive Landscape
Some
of the leading players in the global marine propulsion engine market
include Caterpillar, MAN Diesel & Turbo, Rollys-Royce, Mitsubishi
Heavy Industries, Cummins, Wärtsilä, and Hyundai Heavy Industries.
The
global marine propulsion engine market is segmented as follows:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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Market Research
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